TemperPack Closes Acquisition of KTM Industries, Inc.

RICHMOND, Va.--(BUSINESS WIRE)--TemperPack® Technologies, Inc, a manufacturer of sustainable materials for cold chain packaging, announced that it has closed the acquisition of KTM Industries, Inc.

The acquisition was first announced on August 2^nd, 2022.

KTM Industries is the maker of Green Cell Foam, a starch-based insulation material that is one of the leading solutions for protecting perishable food and life science shipments. With this move, TemperPack will be able to offer customers an expanded product line and increased market coverage. The combined enterprise will have over 700 employees in four U.S. locations: Holt, MI, Las Vegas, NV, Reno, NV, and its headquarters in Richmond, VA.

“We’re thrilled to have completed the transaction and come together as one TemperPack. We’re excited to begin the process of working together to integrate our businesses and build on our strengths. Together, we are committed to bringing the market protective materials that are better for people and the planet,” said Bob Beckler, TemperPack’s Chairman and Chief Executive Officer.

About TemperPack

TemperPack is the largest producer of sustainable cold chain materials for food and life sciences products in the U.S. The company’s mission is simple: protect products with materials that protect the planet. TemperPack was founded in 2015 to allow enterprises to ship perishable products without unnecessary plastic waste. Headquartered in Richmond, VA, with operations in Holt, MI, Las Vegas, NV, and Reno, NV, the company develops and scales innovative solutions that disrupt unsustainable packaging technologies. TemperPack’s products protect millions of shipments every month.